… your financial aid eligibility. This may result in an overaward and/or overpayment situation. Overpayment are funds that you had received but did not earn. There are several situations that may cause an overpayment, if you: Received … 1998 governs the Return to Title IV Funds Policy for a student who completely withdraws from a period of enrollment (i.e., semester). These rules assume that a student “earns” aid based on his/her semester enrollment. “Unearned” aid, other than … amount of federal financial aid disbursed that exceeds the amount the student has earned. Unearned aid may be subject to repayment. Earned aid that has not been disbursed will be offered to the student as a Post Withdrawal Disbursement (PWD). …